Temasek loses from Barclays stake sale

Temasek, the Singapore state investment company, sold out of its shareholdings in Barclays this year, making an estimated £500m loss on its investment, it has emerged. Temasek reduced its stake of almost 2% in Barclays over several weeks from the turn of the year, as the bank’s shares fell as low as 51p in January amid speculation it would need a government bail-out. Since early March, however, they have risen fivefold. On Wednesday they fell 14.5p to 259p.